DeFi Technologies' Valour Inc. Eliminates Debt with Recent C$5.5 Million (US$4 Million) Payment, Strengthening Financial Position for Growth and Expansion
Valour Inc., a subsidiary of DeFi Technologies, has fully eliminated its outstanding debt with a final payment of C$5.5 million (US$4 million) on October 16, 2024. This debt clearance was achieved without issuing new equity or debt, demonstrating strong financial management. The debt-free status enhances Valour's ability to focus on growth and innovation in the digital assets market. DeFi Technologies maintains a separate US$6 million loan balance with Genesis Global Capital , expected to be resolved through bankruptcy proceedings.
Valour Inc., una controllata di DeFi Technologies, ha completamente estinto il suo debito residuo con un pagamento finale di C$5,5 milioni (US$4 milioni) il 16 ottobre 2024. Questa cancellazione del debito è stata raggiunta senza emettere nuove azioni o debiti, dimostrando una solida gestione finanziaria. Lo stato di debito zero migliora la capacità di Valour di concentrarsi sulla crescita e sull'innovazione nel mercato delle risorse digitali. DeFi Technologies mantiene un saldo di prestito separato di US$6 milioni con Genesis Global Capital, che si prevede sarà risolto attraverso procedimenti di fallimento.
Valour Inc., una subsidiaria de DeFi Technologies, ha eliminado por completo su deuda pendiente con un pago final de C$5.5 millones (US$4 millones) el 16 de octubre de 2024. Esta liquidación de deuda se logró sin emitir nuevos capitales o deudas, lo que demuestra una sólida gestión financiera. El estado libre de deudas mejora la capacidad de Valour para centrarse en el crecimiento y la innovación en el mercado de activos digitales. DeFi Technologies mantiene un saldo de préstamo separado de US$6 millones con Genesis Global Capital, que se espera se resuelva a través de procedimientos de quiebra.
Valour Inc.는 DeFi Technologies의 자회사로, 2024년 10월 16일에 C$5.5백만 (US$4백만)의 최종 지급을 통해 미결제 부채를 완전히 청산했습니다. 이 부채 청산은 새로운 자본이나 부채를 발행하지 않고 이루어져 강력한 재정 관리를 보여줍니다. 부채 없는 상태는 Valour가 디지털 자산 시장에서 성장과 혁신에 집중할 수 있는 능력을 향상시킵니다. DeFi Technologies는 Genesis Global Capital와 별도로 US$6백만의 대출 잔액을 유지하고 있으며, 이는 파산 절차를 통해 해결될 것으로 예상됩니다.
Valour Inc., une filiale de DeFi Technologies, a complètement éliminé sa dette en attente avec un paiement final de C$5,5 millions (US$4 millions) le 16 octobre 2024. Cette résiliation de la dette a été réalisée sans émettre de nouveaux capitaux ou dettes, démontrant une gestion financière solide. Le statut sans dette renforce la capacité de Valour à se concentrer sur la croissance et l'innovation sur le marché des actifs numériques. DeFi Technologies maintient un solde de prêt séparé de US$6 millions avec Genesis Global Capital, qui devrait être résolu par le biais de procédures de faillite.
Valour Inc., eine Tochtergesellschaft von DeFi Technologies, hat ihre ausstehenden Schulden mit einer Endzahlung von C$5,5 Millionen (US$4 Millionen) am 16. Oktober 2024 vollständig getilgt. Diese Schuldenfreiheit wurde ohne Ausgabe neuer Eigenkapital- oder Schuldtitel erreicht, was eine starke Finanzverwaltung demonstriert. Der schuldenfreie Status verbessert Valours Fähigkeit, sich auf Wachstum und Innovation im Markt für digitale Vermögenswerte zu konzentrieren. DeFi Technologies hat einen separaten Darlehenssaldo von US$6 Millionen bei Genesis Global Capital, der voraussichtlich durch Insolvenzverfahren gelöst wird.
- Complete elimination of Valour's debt through C$5.5M payment
- Debt clearance achieved without new equity issuance or additional debt
- Reduced interest liabilities improving financial flexibility
- Enhanced ability to pursue new revenue opportunities
- Parent company DeFi Technologies still carries US$6M debt with Genesis Global Capital
- Debt-Free Milestone: Valour Inc. has eliminated its outstanding debt with a final
C ($5.5 million US ) payment, completed on October 16, 2024, strengthening its financial position.$4 million - Strategic Growth and Expansion: This debt elimination allows Valour to focus resources on growth, innovation, and expansion into new products and markets within the digital asset sector.
- Enhanced Financial Agility: The repayment, achieved without new equity or debt issuance, underscores Valour's disciplined financial management, further enabling the Company to pursue emerging revenue opportunities.
With this payment, Valour has cleared all outstanding loans, further strengthening its balance sheet and highlighting its commitment to responsible capital management. This financial milestone positions Valour to fully direct its resources toward growth and innovation within the digital assets market, solidifying its role as a leader in accessible digital asset investment solutions.
While Valour is now debt-free, DeFi Technologies retains a remaining loan balance of
The debt elimination was achieved without issuing additional equity or incurring new debt, reflecting the Company's disciplined approach to cash flow management. By reducing interest liabilities, the Company enhances its agility to pursue emerging revenue opportunities in the digital asset space.
"Ongoing debt elimination is a testament to Valour's financial discipline and our commitment to sustainable growth in the digital assets sector," said Olivier Roussy Newton, CEO of DeFi Technologies. "By clearing our debt, Valour is now fully equipped to channel its resources toward growth and expansion into new products and markets. This achievement enhances our strategic flexibility, allowing us to capitalize on new opportunities and deliver long-term value for our investors and stakeholders as we continue to lead in the digital asset investment space."
This accomplishment underscores Valour's strong financial standing and disciplined capital management. By reducing liabilities, Valour reaffirms its commitment to leveraging its financial agility to strengthen its market position and seize new opportunities in the digital asset industry.
About DeFi Technologies
DeFi Technologies Inc. (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF) is a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralized finance (DeFi). With a dedicated focus on industry-leading Web3 technologies, DeFi Technologies aims to provide widespread investor access to the future of finance. Backed by an esteemed team of experts with extensive experience in financial markets and digital assets, we are committed to revolutionising the way individuals and institutions interact with the evolving financial ecosystem. Follow DeFi Technologies on Linkedin and Twitter, and for more details, visit https://defi.tech/
About Valour
Valour Inc. and Valour Digital Securities Limited (together, "Valour") issues exchange traded products ("ETPs") that enable retail and institutional investors to access digital assets in a simple and secure way via their traditional bank account. Valour is part of the asset management business line of DeFi Technologies Inc. (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF).
In addition to their novel physical backed digital asset platform, which includes 1Valour Bitcoin Physical Carbon Neutral ETP, 1Valour Ethereum Physical Staking, and 1Valour Internet Computer Physical Staking, Valour offers fully hedged digital asset ETPs with low to zero management fees, with product listings across European exchanges, banks and broker platforms. Valour's existing product range includes Valour Uniswap (UNI), Cardano (ADA), Polkadot (DOT), Solana (SOL), Avalanche (AVAX), Cosmos (ATOM), Binance (BNB), Ripple (XRP), Toncoin (TON), Internet Computer (ICP), Chainlink (LINK), Hedera (HBAR), Core (CORE), Enjin (ENJ), Valour Bitcoin Staking (BTC), Bitcoin Carbon Neutral (BTCN), Sui (SUI), Valour Digital Asset Basket 10 (VDAB10) and 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETPs with low management fees. Valour's flagship products are Bitcoin Zero and Ethereum Zero, the first fully hedged, passive investment products with Bitcoin (BTC) and Ethereum (ETH) as underlyings which are completely fee free. For more information about Valour, to subscribe, or to receive updates, visit valour.com.
Cautionary note regarding forward-looking information:
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to the ability of Valour to generate revenue on its digital assets; future interest expenses; the development and listing of future ETPs; the regulatory environment with respect to the growth and adoption of decentralized finance; the pursuit by the Company and its subsidiaries of business opportunities; and the merits or potential returns of any such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but is not limited the acceptance of Valour exchange traded products by exchanges; growth and development of decentralised finance and cryptocurrency sector; rules and regulations with respect to decentralised finance and cryptocurrency; general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
THE CBOE
View original content to download multimedia:https://www.prnewswire.com/news-releases/defi-technologies-valour-inc-eliminates-debt-with-recent-c5-5-million-us4-million-payment-strengthening-financial-position-for-growth-and-expansion-302289648.html
SOURCE DeFi Technologies Inc.
FAQ
How much debt did Valour Inc. (DEFTF) repay in October 2024?
What is DeFi Technologies' (DEFTF) remaining debt with Genesis Global Capital?
How did Valour Inc. (DEFTF) achieve its debt elimination in 2024?
